Savannah morning news. [volume] (Savannah) 1868-1887, 1887-01-16
STORES STATEMENT.
MARK ELS BY LEGRAPH.
FINANCIAL.

IN M LIZ
NEW YORK. Jan. l., uoon.-Stocks quiet but
drm. Money easy ~ Hd4 per cent. EN-
change-loEg, 81 S212q4t s33z: short 81 S6z01
So =. state bonds neg ected. Government
bond dul but heavy.
500 .. m.--EXcnange dun but steady at
al S2l90Q] S-il. Moncy cay aJ3 lotd5 per cen E,
C.osiuE oacr1l a. 3. Sub-Treasurv balances
told. &l3033> COG; currency. S lS."22, eco.
Government nouGs Guli but -'eady: four per
cents l2''. three per cents. 100. State bonds
dun but slCaNN.
The long expected break in the stock mar
1et t. succeed the passage OF the interstate
commerce BIZ came this morning. but was
confined to tue opening and the first few IN n
utCs OF trading during which the loss in no
ore stGck succeeded ~ per cent. The market
WAS well Supported. anu the favorable inhu-
ence OF The elimination Of the Richmond and
West Point and East Tennessee deal. together
WI the favorable aspect of Lake Shore and
Nickel Plate matter, created heavy demand
Tor the stOcS AMI the m&rKet began to ad-
vance Immediately and showed a buOyant
tone throughout The forenoon. This buoy
aacy disappeared later in the day. but the
market was meyer weak. and viii the lowest
hSures were made either at the opening or IN
the first 1--WE minutes, the highest prices were
recorded IN the last half hour. Richmond
ana West Point was naturally the most
noticeable feature Of the day and rose steadily
almost wi hout re !ctiou until Just before the
close. y her Sputhe n stocks we're quiet.
Ecamond ami West Point preferred how
ever. kept pace with common. and its net ad-
the common stock. Among The general list
mon Pacific a q Conso dated Georgas at
tracted the mot at ention for their ACTIVITY
anu strength. There was come weakness in
gr myers n the earlv morning. but they, to-
gether with Nanderblts and most of the u-u-
ally active -tocks, participated in the later
advance. L ere was some tendency 10 sell
stocks among he foreign elements. but it
quickly disappeared and shorts ran to cover,
which aided in producing the buoyant tone
before mentioned. TIE "peniDG was weak at
dec ines from ST evenings final figures rang
ing from Iz@7s ler ceut. generally, while
Lonisvlue ami Ma hvilie was down Ia and
Richmond and West Point IL. Alter Il mo-
mentarv weakness. in which st. Paul was
copspcuous. The entire market beg n 10 rise,
and uefure the end Of The first hour advances
ranging NJ to "a were recorded. Ailer that
TIM. tne ma krt, which hat reen extremely
active duietcd down considerable .ant though
still remaining str3ng, aivances were meas
ured hy fractions. In the AIT rnoon rices
sagged somewhat. hut toward p. IN. the adj
vance was resumed and the market closed ac-
tive aud strong u, The nlghts' prices OF the
day The .entlfe days business was 4'l,O0O
shares oct of tins amount Richmond an /
West Point rnlsbed over oue-third. Inc
net result OF the daS s business Is that almost
eyerytbing on the active LIST shows an ad-
vance and R Chmond and West Point IL NJ
~, preferre 80, Consolidated Geor&las Is,
Delaware aud Hudson and Pacific Man rac"
"a, Union Pacific per cent. ana nthers lrac-
touAl amounts. Lake shore. Michigan Cen
tral. canada Southern and Perry Goa, Com =
pany sold CN. div. to-day. Inc mArkot Z c5eu
al no IA. loving quotations: